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OFFREA

Absorbed by Overnemende vennootschap KBO/BCE: BE 0809.411.946 subsidiary of SOLVARI HOLDING BV
OFFREA
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Overview

Lifetime

14 annual accounts with figures on one time axis
Gross marginpeak €1.7m (2022)
€1.6m▼ 6.2%
Resultlowest -€89,458 (2013)
€435,089▲ 11.9%
Equitypeak €817,915 (2021)
€546,467▲ 391%
Debts
€1.1m▼ 40.1%
Staffpeak 18 FTE (2021)
16.1 FTE▲ 10.3%
Board4 names since 2021
1 directorSolvari Holding bv
Owners3 names in the annual accounts
  
Documentsfilings and deeds
25-06-202436 days before the deadline
2023abbreviated format
Staff from 14.6 FTE to 16.1 FTEAppointment: Finvision Bedrijfsrevisoren Antwerpen BV (statut… 31-05Equity from €111,378 to €546,467Debts from €1.9m to €1.1m

Key points

from the 2023 annual accounts, the last ones filed

Equity

€546,467 ▲ 391%
€111,0002022€546,0002023

Equity rose in 2023 from €111,378 to €546,467.

Profit

10 years
201820192020202120222023

10 profitable years in a row. Profit 2023: €435,089.

Staff

15 employees on 31-12-2023
111420217620227112023

In 2023, 7 people joined and 11 left.

Liquidity

1.46 was 2.77 in 2022

Short-term debts rose from €725,975 to €1.1m.

Filings

14 annual accounts since 2010
AprilJune31 JulyOctober201020152020

Six of the last ten came late. The 2015 accounts came latest: 61 days after the end of the period.

Restructuring

2024

Absorbed by SOLVARI BELGIË BV. Absorbed on 26-09-2024.

No score

Board and ownership

SH
Solvari Holding bv
Director, Dennis van den Bos, since 23-12-2021
FB
Finvision Bedrijfsrevisoren Antwerpen BV
Auditor, Karel Nijs
Board & ownership

Recent changes

Merger: absorbed by Overnemende vennootschap Gazette deed
Merger proposal: to be absorbed by SOLVARI BELGIË BV SOLVARI HOLDING BV holds all the shares · Gazette deed
Appointment: Finvision Bedrijfsrevisoren Antwerpen BV (statutory auditor) Permanent representative: Karel Nijs · General meeting of 25-04-2023 · Gazette deed
1 director appointed, 2 resignations Resignations: Netstart bv and Graffix bv · Permanent representatives: Raf Verhaegen, Tom Lieckens and Dennis van den Bos · Appointment: Solvari Holding bv · General meeting of 23-12-2021 · Gazette deed
All 25 events

Official details

Source: KBO
Status
Absorbed by Overnemende vennootschapmerger by absorption, August 2024
Activity
“Ontwerpen,ontwikkelen en leveren van diensten en producten via het internet zowel aan particulieren ais…” (deed in Dutch)From the articles, 13 activitiesNo NACE code in the KBO yet
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2023
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2023

Gross margin
€1.6m▼ 6.2%
Turnover
≈ €2.7mestimated
Profit
€435,089▲ 11.9%
Equity
€546,467▲ 391%
Total assets
€1.7m▼ 16.4%
Employeeson 31-12-2023
15▼ 21.1%
Filing
Filed on 25-06-2024
Financials

Insights on OFFREA

Absorbed by Overnemende vennootschap in August 2024. The last annual accounts are for financial year 2023.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2023

abbreviated format, filed on 25-06-2024, 36 days before the deadline
Gross margin
€1.6m
▼ 6.2%
Operating result
€181,202
▼ 65.1%
Profit
€435,089
▲ 11.9%
Working capital
€527,163
▼ 58.9%
Solvency
32.3%
▲ 26.8 percentage points
Current ratio
1.46
▼ 1.31

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.7m. Estimated: probably between €1.8m and €4.5m.

Balance sheet

balance sheet total €1.7m on 31-12-2023
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE€72,772

Staff costs divided by the average number of full-time equivalents.

Joined and left-4

Training hours in 2023: 310.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20232022202120202019201820172016201520142013201220112010
Balance sheet: assets
Total assets20/58 1.7m2.0m1.4m919,438778,347765,991935,2091.2m682,730458,820358,836419,390371,642341,917
Fixed assets21/28 19,30314,93217,08327,11245,382267,548212,634201,883207,422213,052219,040228,772249,319258,010
Intangible fixed assets21 --032230,50061,000----7201,440--
Tangible fixed assets22/27 19,30314,93217,08326,78914,882206,423212,509198,101207,422213,052218,320227,332249,319258,010
Land and buildings22 ----0184,239190,533196,826203,120209,413215,707222,000228,294234,587
Furniture and vehicles24 9,6979,2738,80216,51813,91019,99618,3301,2754,3033,6392,6135,33221,02523,422
Other tangible fixed assets26 9,6065,6598,28110,2719722,1883,646-------
Financial fixed assets28 ----01251253,782------
Current assets29/58 1.7m2.0m1.4m892,326732,965498,443722,575988,052475,307245,768139,797190,618122,32383,908
Amounts receivable within one year40/41 1.6m1.9m833,841456,627432,377392,990474,953745,907341,500197,800115,418131,70075,52759,683
Trade receivables40 827,633781,241830,590430,014417,273374,450406,050744,029341,500197,800114,908131,70074,96559,605
Other amounts receivable41 733,7261.1m3,25126,61315,10518,54068,9031,878--510-56278
Current investments50/53 -0307,500200,000184,097---------
Cash at bank and in hand54/58 90,37487,230200,829229,611101,84798,155245,252240,749133,80747,96822,26858,28746,79624,225
Deferred charges and accrued income490/1 20,1515,3077,9296,08814,6447,2982,3701,396--2,110631--
Balance sheet: equity and liabilities
Total equity and liabilities10/49 1.7m2.0m1.4m919,438778,347765,991935,2091.2m682,730458,820358,836419,390371,642341,917
Equity10/15 546,467111,378817,915434,501333,778141,408124,13378,97746,91932,746-45,38344,07538,66619,692
Contributions10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Issued capital100 ----18,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Reserves13 1,8601,86066,69867,76968,0561,8601,8601,8601,8601,8601,8601,8601,8601,092
Non-distributable reserves130/1 1,8601,8601,8601,860----------
Legal reserve130 ----1,8601,8601,8601,8601,8601,8601,8601,8601,8601,092
Reserves not available under the articles1311 1,8601,8601,8601,860----------
Tax-exempt reserves132 -064,83865,90966,196---------
Profit (loss) carried forward14 526,00790,918732,618348,132247,123120,948103,67358,51726,45912,286-65,84323,61518,206-
Provisions and deferred taxes16 -021,61321,97022,06576,833185,386479,011183,25951,363----
Provisions for liabilities and charges160/5 ----076,833185,386479,011183,25951,363----
Environmental obligations163 ----076,833185,386157,625------
Other liabilities and charges164/5 -------321,387------
Deferred taxes168 -021,61321,97022,065---------
Amounts payable17/49 1.1m1.9m527,654462,967422,504547,751625,690631,946452,552374,711404,219375,316332,976322,226
Amounts payable after more than one year17 --03525,402169,182195,435204,618184,729196,169206,914220,952234,494247,558
Financial debts170/4 --03525,402169,182195,435204,618184,729196,169206,914220,952234,494247,558
Amounts payable within one year42/48 1.1m725,975527,654462,615417,102378,569430,255427,328267,824178,542197,306154,36498,48274,667
Current portion of amounts payable after more than one year42 -03525,04914,46750,811149,24521,31311,28122,51719,02713,54213,06412,603
Financial debts43 16,66716,77737,18936,05379,698---------
Credit institutions430/8 16,66716,77737,18936,05379,698---------
Trade debts44 513,499350,516153,761228,015173,954131,695159,869174,978140,49786,172139,21487,43330,16118,959
Suppliers440/4 513,499350,516153,761228,015173,954131,695159,869174,978140,49786,172139,21487,43330,16118,959
Advances received on contracts in progress46 -------1,718------
Taxes, remuneration and social security45 248,462358,682336,352191,906148,583195,884118,936227,372113,78767,47837,42549,05953,61440,411
Taxes450/3 155,944281,877188,41942,87528,05475,314-114,30726,07519,5694,24019,64029,31021,595
Remuneration and social security454/9 92,51876,805147,933149,031120,530120,571118,936113,06587,71347,90933,18529,41924,30418,816
Other amounts payable47/48 366,093-01,5913991782,2051,9472,2592,3751,6394,3291,6432,694
Accrued charges and deferred income492/3 01.2m------------
Income statement
Non-recurring operating income76A 6,264-02888,261---------
Gross operating margin9900 1.6m1.7m1.7m1.0m1.1m976,002783,1221.2m715,875462,100148,701221,086199,217138,122
Remuneration, social security and pensions62 1.2m833,7571.1m869,126865,873840,115753,283796,755525,914304,781217,699181,297139,580105,166
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 8,8588,1387,69542,80839,85747,16417,2729,3229,45310,4349,73310,11314,28022,227
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 27,577107,10231,7241,576-20,345100,629191,219-------
Provisions for liabilities and charges: additions (uses and reversals)635/8 ---0-76,833-108,554-293,625295,753131,89651,363----
Other operating charges640/8 198,556223,90224,16910,52714,7352,6425927855796665755,144593143
Non-recurring operating charges66A -06,7300884-------65-
Operating profit (loss)9901 181,202519,448504,53096,850253,37394,005114,38097,01748,03494,855-79,30524,53244,76410,587
Financial income75/76B 74,57557,64970,73991,55364,3814691,6623,6006,3874,5724365821,366160
Recurring financial income75 74,57557,64970,73991,55364,3814691,6623,6006,3874,5724365821,366160
Financial charges65/66B 12,20327,13634,97434,63933,49428,34928,24726,39516,54410,00010,51811,49413,1145,028
Recurring financial charges65 12,20327,13634,97434,63933,49428,34928,24726,39516,54410,00010,51811,49413,1145,028
Profit (loss) for the period before taxes9903 243,575549,961540,294153,764284,26066,12687,79574,22237,87889,427-89,38713,62032,9515,719
Transfer from deferred taxes780 021,613357-----------
Income taxes67/77 -191,514182,722157,23753,13669,82548,85042,64042,16423,70511,299718,21213,9774,627
Profit (loss) for the period9904 435,089388,852383,414100,723192,37017,27645,15532,05814,17378,129-89,4585,40818,9751,092
Transfer from tax-exempt reserves789 064,8381,071286----------
Transfer to tax-exempt reserves689 ---066,196---------
Profit (loss) for the period to be appropriated9905 435,089453,689384,486101,009126,17517,27645,15532,05814,17378,129-89,4585,40818,9751,092
Appropriation of the result
Profit (loss) to be appropriated9906 526,00790,918732,618348,132247,123120,948103,67358,51726,45912,286-65,84323,61518,9751,092
Profit (loss) brought forward from the previous period14P 90,918-362,771348,132-----------
Transfer to equity691/2 ------------7681,092
To the legal reserve6920 ------------7681,092
Social balance sheet
Average staff (FTE)9087 16.114.61815.412.612.311.513.895.55.24.42.52
Hours worked1013 25,59019,23727,82822,30320,92821,45318,96221,63713,6098,5387,6757,4074,4474,182
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 25-06-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2023 abbreviated format 25-06-2024 2024-00178879 PDF
31-12-2022 abbreviated format 02-08-2023 2023-00312128 PDF
31-12-2021 abbreviated format 21-06-2022 2022-20083796 PDF
31-12-2020 abbreviated format 30-08-2021 2021-59300141 PDF
31-12-2019 abbreviated format 18-09-2020 2020-54100511 PDF
31-12-2018 abbreviated format 31-07-2019 2019-40600253 PDF
31-12-2017 abbreviated format 28-09-2018 2018-65500037 PDF
31-12-2016 abbreviated format 28-09-2017 2017-63100122 PDF
31-12-2015 abbreviated format 30-09-2016 2016-62500199 PDF
31-12-2014 abbreviated format 24-07-2015 2015-34500592 PDF
31-12-2013 abbreviated format 29-07-2014 2014-36500213 PDF
31-12-2012 abbreviated format 22-07-2013 2013-33400053 PDF
31-12-2011 abbreviated format 13-07-2012 2012-29500334 PDF
31-12-2010 abbreviated format 30-08-2011 2011-46000173 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20232022202120202019201820172016201520142013201220112010
EBITDA 190,060527,586512,225139,658293,230141,170131,653106,33957,487105,289-69,57234,64559,04432,813
Cash flow 443,946396,989391,110143,531232,22764,44062,42841,38023,62688,563-79,72515,52133,25523,318
Investment in fixed assets (approximation) 13,2295,9864,39724,5372,056102,07831,6813,7823,8244,44704,1975,589280,236
Change in cash 3,144-113,599-28,783127,7653,691-147,0964,503106,94185,83925,700-36,01911,49122,571-
Working capital 527,1631.3m822,445429,711315,862119,875292,319560,724207,48367,226-57,50936,25423,8419,240
Solvency 32.3%5.5%59.8%47.3%42.9%18.5%13.3%6.6%6.9%7.1%-12.6%10.5%10.4%5.8%
Current ratio 1.462.772.561.931.761.321.682.311.771.380.711.231.241.12
Debt to equity 2.0917.170.651.071.273.875.048.009.6511.44-8.528.6116.36
ROE 79.6%349.1%46.9%23.2%57.6%12.2%36.4%40.6%30.2%238.6%-12.3%49.1%5.5%
ROA 25.7%19.2%28.0%11.0%24.7%2.3%4.8%2.7%2.1%17.0%-24.9%1.3%5.1%0.3%
Interest coverage 15.5719.4414.65-----------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202331-12-202231-12-2021
Employees at the balance-sheet date151918
full-time101010
part-time598
in full-time equivalents13.115.715.5
Average over the year, in full-time equivalents16.114.618
On a permanent contract151918
Joined7711
Left11614
Training hours310--

Source: social balance sheet in the 2021 to 2023 annual accounts

Investments

fixed assets acquired
Item202320222021
Tangible fixed assets€13,229€5,986€4,397
Depreciation and write-downs of the year€8,858€8,138€7,695

Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)

Insights on OFFREA

The operating result for 2023 is 65% lower than in 2022 and the lowest since 2020.

Debt's share of the balance-sheet total falls from 94.5% to 67.7%. Equity is higher and debt is lower.

Board & ownership

Last board

1 director, 1 auditor, last change in 2022
Solvari Holding bv
Director, permanent representative Dennis van den Bos
since 23-12-2021 term without a fixed end
listed in the 2023 annual accounts, filed on 25-06-2024
Finvision Bedrijfsrevisoren Antwerpen BV
Company auditor, permanent representative Karel Nijs
appointed by deed of 31-05-2023
Permanent representatives 1
Dennis van den Bos
Permanent representative, for Solvari Holding bv
appointed by deed of 10-02-2022

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
Solvari Holding bv
Director
Finvision Bedrijfsrevisoren Antwerpen BV
Company auditor
Graffix bv
Director
Netstart bv
Director
BoardStatutory auditorEarliermandate already running before its first mention
Mandates as a list
  • Solvari Holding bv
    • Director, from 23-12-2021 to date
  • Finvision Bedrijfsrevisoren Antwerpen BV
    • Company auditor, since before 31-12-2022
  • Graffix bv
    • Director, until 10-02-2022
  • Netstart bv
    • Director, until 10-02-2022

See the board, name and registered office on a given date →

Control

Parent
SOLVARI HOLDING BV
Source: deed 04-07-2024
100%
This company
OFFREA
Equity €546,467
Profit €435,089 in 2023

Capital

Contribution
€18,600
Source
2023 annual accounts

Owners through the years

as the annual accounts name them
Netstart
50%33%33.33%
33.33%
GRAFFIX
50%33.33%
33.33% until 2020
BLUE TONIC
50%
50% until 2015
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 10-02-2022 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
1 director

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 04-07-2024 ↗

Network & group

Parent

SOLVARI HOLDING BV
0763.683.275 · 100% of the shares

Acquisitions and mergers

2 transactions
Taken over by:SOLVARI BELGIË BV
BE 0681.537.836merger by absorption · Gazette deed of 26-09-2024 (3 deeds)
Taken over by:Overnemende vennootschap
merger by absorption · Gazette deed of 26-08-2024

Connections & network

1 last director
Depth

The network starts from the directors of OFFREA. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

25 events since 2009
2024
Merger: absorbed by Overnemende vennootschap1 point ▸
  • Accounting effect, 01-01-2024
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Merger proposal: to be absorbed by SOLVARI BELGIË BVSOLVARI HOLDING BV holds all the shares2 points ▸
  • Accounting effect, 01-01-2024
  • SOLVARI HOLDING BV holds all the shares, mentioned twice in the deed
  • The deed holds 18 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFabbreviated format · 36 days before the deadline
2023
Highest result from 2010 to 2023 net €435,089 ▲11.9% The net result of €435,089 is the highest of those years.
Annual accounts 2022 filed PDFabbreviated format · 2 days late
Appointment: Finvision Bedrijfsrevisoren Antwerpen BV (statutory auditor)Permanent representative: Karel Nijs · General meeting of 25-04-20234 points ▸
  • General meeting, 25-04-2023
  • Auditor appointment, Finvision Bedrijfsrevisoren Antwerpen BV (statutory auditor)
  • Permanent representative, Karel Nijs
  • Auditor appointment, Finvision Bedrijfsrevisoren Antwerpen BV (company auditor)

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFabbreviated format · 40 days before the deadline
1 director appointed, 2 resignationsResignations: Netstart bv and Graffix bv · Permanent representatives: Raf Verhaegen, Tom Lieckens and Dennis van den Bos · Appointment: Solvari Holding bv · General meeting of 23-12-20219 points ▸
  • General meeting, 23-12-2021
  • Director resignation, Netstart bv
  • Director resignation, Graffix bv
  • Permanent representative, Raf Verhaegen
  • Permanent representative, Tom Lieckens
  • Director discharge, Netstart bv
  • Director discharge, Graffix bv
  • Director appointment, Solvari Holding bv
  • Permanent representative, Dennis van den Bos

Open the deed in the Belgian Official Gazette

2021
Equity above €500,000 equity €817,915 ▲88.2% After 8 profitable years in a row, equity reaches €817,915.
Annual accounts 2020 filed PDFabbreviated format · 30 days late
2020
Annual accounts 2019 filed PDFabbreviated format · 49 days late
2019
Equity above €200,000 equity €333,778 ▲136% After 6 profitable years in a row, equity reaches €333,778.
Annual accounts 2018 filed PDFabbreviated format · on the deadline day
2018
Annual accounts 2017 filed PDFabbreviated format · 59 days late
2017
Equity above €100,000 equity €124,133 ▲57.2% After 4 profitable years in a row, equity reaches €124,133.
Annual accounts 2016 filed PDFabbreviated format · 59 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 61 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 7 days before the deadline
2014
Back to profit net €78,129 The net result is €78,129, after one loss-making year.
Annual accounts 2013 filed PDFabbreviated format · 2 days before the deadline
2013
Weakest financial year net -€89,458 The net result drops to -€89,458, the lowest from 2010 to 2023.
Annual accounts 2012 filed PDFabbreviated format · 9 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 18 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 30 days late
2009
Incorporation PDF6 publications in the Belgian Official Gazette, the last on 26-08-2024

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Solvari Holding bv has served as director since 2021.1 OFFREA has filed 14 sets of annual accounts, the latest for financial year 2023.2 In 2024 the company was absorbed by merger into SOLVARI BELGIË BV.3

  1. 1National Bank, annual accounts 2023
  2. 2National Bank, annual accounts 2023
  3. 3Belgian Official Gazette, 26-09-2024

Company details

Purpose according to the articles of association

PurposeThe purpose describes the activities the company may carry out under its articles.
“Ontwerpen,ontwikkelen en leveren van diensten en producten via het internet zowel aan particulieren ais ondernemingen; Verlenen en vragen…”
13 activities
  1. Ontwerpen,ontwikkelen en leveren van diensten en producten via het internet zowel aan particulieren ais ondernemingen;
  2. Verlenen en vragen van management en consulting services,alsook het aanvaarden bestuurdersmandaten in andere al dan niet verbonden ondememingen;
  3. Ontwerpen van toepassingen voor het internet;
  4. Aankoop,verkoop,verhuring,leasing,productontwikkeling,consultancy,herstelling,onderhoud van informatica hard- en software,computersystemen en computernetwerken en van alle lichamelijke en onlichamelijke goederen;
  5. Automatisering,ontwerpen van systemen,ontwikkelen van toepassingsprogramma's in het algemeen;
  6. Handel in elektronisch en elektrische apparatuur,materieel en bijhorigheden die zowel mechanisch elektronisch als elektrisch zijn;
  7. Uitvoeren van installatiewerkzaamheden van bovengenoemde systemen en goederen;
  8. Optreden als adviesbureau;
  9. Webdesign en webhosting;
  10. Vertaalwerk en educatieve copywriting;
  11. Fotodesign;
  12. Behouden en uitbaten van bebouwde en onbebouwde onroerende goederen,huren,verhuren,onderverhuren,leasen,in vruchtgebruik nemen en geven;
  13. Beheren voor eigen rekening van alle bebouwde en onbebouwde onroerende goederen gelegen zowel in België als in het buitenland.

Articles of association, deed of 04-07-2024 (in Dutch)

Inactive

Absorbed by Overnemende vennootschap in August 2024

OFFREA is no longer in the KBO register. Overnemende vennootschap took it over in a merger by absorption, published in the Belgian Official Gazette on 26 August 2024.

Status
Inactive
Reason
Merger by absorptionBelgian Official Gazette, 26 August 2024 · deed
Absorbed by
Overnemende vennootschap
Last annual accounts
financial year to 31 December 2023
Last registered office
Langestraat 207, 2240 Zandhovenas published on 26 August 2024
Legal form
Private limited company
First annual accounts
financial year 2010
Official KBO record

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